PETROCI Secures 200 Billion CFA Francs to Boost Baleine Oil Field Development in Côte d’Ivoire

PETROCI Holding has reached a major milestone in the development of Côte d’Ivoire’s energy sector. On April 10, 2026, the national oil company announced it had mobilized 200 billion CFA francs to finance the second phase of the Baleine hydrocarbon field, the largest deposit ever discovered in Côte d’Ivoire.

This funding, secured from a consortium of banks, aims to accelerate the implementation of Phase 2 of the project while ensuring the investments needed to significantly increase oil and gas production. It forms part of a broader strategy to strengthen the country’s energy capacity and maximize the value of its natural resources.

Discovered in 2021, the Baleine field represents a strategic turning point for the Ivorian economy. Its development is expected to substantially boost hydrocarbon output, reduce energy dependence, and generate significant economic benefits, including increased revenues and job creation.

Beyond Phase 2, this financing also paves the way for future expansion, particularly the preparation of a more ambitious Phase 3. The overarching goal is to position Côte d’Ivoire as a key energy player in West Africa.

Through this operation, PETROCI reaffirms its central role in transforming the national oil sector and strengthening the country’s energy sovereignty.